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Please help with the following; CHARTS OF ACCOUNT JOURNAL LEDGER TRIAL BALANCE STATEMENT OF PERFORMANCE STATEMENT OF EQUITY STATEMENT OF FINANCIAL POSITION On December 1,
Please help with the following; CHARTS OF ACCOUNT JOURNAL LEDGER TRIAL BALANCE STATEMENT OF PERFORMANCE STATEMENT OF EQUITY STATEMENT OF FINANCIAL POSITION
On December 1, 2004, Mateo Roa opened a videotape rental store, Oro Video, by investing P250,000 cash from his personal savings account. During the month of December, the following transactions took place: Dec. 1 Acquired supplies on account, P67,000 Acquired video tapes costing P235,000 on account Paid P85,000 to creditors Received P78,000 cash from ACA Video for rental fees Billed Video City for video rentals, P105,000 Paid salaries, P65,000 Collected P77,000 from Video City Roa withdrew P47,000 for personal use Paid rent for the month, P41,500 Paid utilities bill for the month, P17,500. REQUIRED: 1. Chart of Accounts 2. Journal 3. Ledger 4. Trial Balance 5. Statement of Performance 6. Statement of Equity 7. Statement of Financial Position Charts of Accounts:100 CASH 101 ACCOUNTS RECEIVABLE 102 SUPPLIES 103 VIDEO TAPES 200 ACCOUNTS PAYABLE 300 ROA CAPITAL 301 ROA DRAWINGS 400 RENTAL REVENUE 500 SALARIES EXPENSE 501 RENT EXPENSE 502 UTILITIES EXPENSE
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